Which is Best Term Life or Whole Life Insurance?

It all depends upon your particular circumstances. If you’re just starting out in life with a new family and you don’t have much money, term life insurance might be your best choice. You’ll get the most amount of protection for your family at the lowest cost. With whole of life, the premiums go partly towards a mortality element and partly towards a savings element, which builds up an investment fund in order to pay the benefit on death.